Nayb Bokil, President of El Salvador, does not change his opinion on his approaches from Bitcoin. He said he will continue to buy bitcoin, though Opposition From some sectors – international cash boxes.
Bukele stated that the purchases will continue, although the International Monetary Fund, as part of a A $ 1.4 billion financing dealUrging the nation to stop collecting bitcoin.
The president is still planning to acquire one Bitcoin every day, verifying his conviction that the best descendants of encryption in the world will eventually help his country.
“All this stops in April. All this stops in June. All this stops in December. Bokley said in the X Publishing:” No, it does not stop. “
The International Monetary Fund wants to stop bitcoin purchases
The International Monetary Fund was explicit about its concerns about relying on Bitcoin Salvador. It believes that continuing to buy Bitcoin poses risks to the country’s financial stability. The organization recommended that Al Salvador avoid using public funds to get more encrypted currency.
Despite these warnings, the country has already made great gains. With the price of Bitcoin reaching its highest new levels, and as reported, Salvador’s holdings became profitable. The government has not revealed modern numbers, but previous reports indicate that the country has more than 2800 BTC.
“All this stops in April.” “All this stops in June.” “All this stops in December.”
No, it does not stop.
If it does not stop when the world rejects us and abandoned most of the “bitcoiners”, it will not stop now, and it will not stop in the future.
Proof of work> Evidence of whining https://t.co/9pc0poy3yq
– Nayib Bukele (nayibbukele) March 4, 2025
Bitcoin Slavador
Some government did not agree to choose El Salvador to start buying Bitcoin in 2021. Financial institutions, academics, and even some local companies believed that the country’s move would only prove sterile.
However, with Bitcoin rising to $ 80,000, the country is now green. Well, at least, now.
It is estimated that El Salvador can sit on unrealized profits exceeding $ 30 million. Although this may not be sufficient to resolve the country’s financial challenges, it promotes Bukele’s argument that Bitcoin is one of the valuable assets of the nation.
Undersecretary rejects the warnings of the International Monetary Fund
Bukele has repeatedly reduced fears of international financial institutions. It believes that the adoption of bitcoin will be useful for the El Salvador economy in the long run, allowing more people access to money and more investment capabilities.
However, the International Monetary Fund is still not sure. I noticed that the price of Bitcoin has risen (and down, at the present time) recently, but also indicated that price fluctuations may quickly erase any gains. Tell the Salvador to focus on policies that work with traditional banking systems and reduce their use of Bitcoin.
Bitcoin’s future in El Salvador is still not certain
The long -term result is unknown even while Bukele advances its Bitcoin strategy. The Bitcoin plan was born with enthusiasm and controversy. While some are concerned about the risks involved, others are seen as a bold decision that may attract investors.
Currently, Bukele appears to be determined to continue the accumulation of bitcoin. Whether this strategy will prove that it is an expensive success or gambling that depends on how the encryption market performs in the coming months or years.
Distinctive photo of Pexels, tradingView graph
